We begin with the latest from the United States at this hour where joe biden is on the cusp of winning the presidency. Battleground states are too close to call. The results coming in for joe biden put him on top. If he wins the state hes sure to secure over 270 Electoral College votes and become the 46th president of the United States. Now, the traditionally republican state of georgia is too close to call. A recount has been ordered with bidens lead razor thin. The a. P. Has called the state of arizona for joe biden. For more on the latest vote count under way in key battleground states which have put joe biden on top heres more. As poll workers continue processing ballots in pennsylvania, georgia, arizona, and nevada, joe bidens lead over donald trump is holding, as the count nears its end in pennsylvania. If he wins the state he wins the white house. In philadelphia county, where biden has an overwhelming lead there are still tens of thousands of ballots left to count which could t
40 billion in mortgagebacked securities. They say the path of the economy will be connected to the path of the virus in the statement. One interesting note at the end. Mary dailey, head of San Francisco reserve president mad to cast her vote as alternate. Minneapolis president Neal Kashkari is on paternity leave. He was into the at the meeting. The birth of their second child happened this week. We think, we believe this is the first time a Voting Member missed a vote because of paternity leave. Back to you, charles. Charles that is an interesting tidbit a lot to go through here. Meantime, folks it is another monster session in the market which yesterday had the best ever postelection session. There should be no question that the worry of a blue wave was the main reason for selling last week. But now the question, have investors moved from abject fear to unbridled optimism a little too fast . Moreover with megagrowth leading the way again, what is the best place to be positioned for th
Prices and the economy depends on the course of the virus the committee will maintain its purchases or increase to smooth market funding it repeats for the second time that it seeks inflation moderately above 2 . This is a carbon copy of the last statement i counted seven words changed and none of them really substantial or meant to convey any particular meaning i think that reflects the big changes. Jim was saying last time exceeding the 2 inflation goal and theity si itdesire not to mo many waves while the country counts votes in this president ial election. The other dissenter did not attend the meeting due to the birth of his second child. Congratulations to Neal Kashkari absolutely. Well spend half an hour dissecting those seven words what do you think of jims point, which is the absence of stimulus may have put the fed even more under a spotlight to do even more absolutely. I think thats true. I think the fed will feel pressure to do more, but it creates an interesting quandary,
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Carroll, and id like to thank sfgovtv for staffing this meeting. Mr. Clerk, do you have any an announcements . Clerk in order to protect the public, Board Members and the City Employees during the covid19 health emergency, the legislative chamber and the Committee Room are closed. This is taken pursuant to all local, state and federal orders and declarations and directives. The Committee Members are attending through Video Conference and will participate to the same extent as if physically present. Public comment is available for each item on the agenda. San francisco cable channel 26 and sfgovtv. Org are streaming the callin number across the screen. The opportunity to speak and to provide comments during each Public Comment period on todays agenda is available via phone by calling 1 415 6550001. Once youre connected and prompted to enter the meeting i. D. For todays meeting, that is 1467042839. Then press pound twice to be connected to the meeting. When you are connected you will hea